• 4Q22 production of 10,374 bbl/d was above the guidance of 8.5-9.5 mbbl/d given in December. YE22 production was 23,709 bbl/d.
• Natural flow from well 12H has increased to 6.4 mbbl/d since 8 January. This compares with 4 mbbl/d on average during the first 27 days of production. This is a very good performance as the pump in the well has not been activated yet.
• PetroTal expects to produce 14-15 mbbl/d during 2023. While this is below our expectations (19.5 mbbl/d), the guidance is conservativ ....
16 Jan 2023
PetroTal Corp (AIM: PTAL): >US$100 mm potentially available for shareholder returns in 2023
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PetroTal Corp (AIM: PTAL): >US$100 mm potentially available for shareholder returns in 2023
• 4Q22 production of 10,374 bbl/d was above the guidance of 8.5-9.5 mbbl/d given in December. YE22 production was 23,709 bbl/d.
• Natural flow from well 12H has increased to 6.4 mbbl/d since 8 January. This compares with 4 mbbl/d on average during the first 27 days of production. This is a very good performance as the pump in the well has not been activated yet.
• PetroTal expects to produce 14-15 mbbl/d during 2023. While this is below our expectations (19.5 mbbl/d), the guidance is conservativ ....